There’s been a lot of press on an unrenovated house in Chatswood selling for over $900,000 over the reserve!
It’s odd that the reserve was apparently $3,000,000 and it sold for $3,910,000. Based on the average price of land on a $ per square metre value, we actually thought the house was worth $3,800,000.
We can’t understand why the reserve was so low……. What do you think?